March 17, 2015
Lesson
In last time (March 8) when we look at Apple Inc the share price retrace back to 20 MA, and price still above 20 MA; PA is still bullish bias. We question, can price be supported by 20 MA?
The next candlestick was a doji; indecision. The following day the price broke below 20 MA. Now the PA are caught between 20 and 50 MA.
So, although we buy support and sell resistance. It is always a safe bet to wait another day, and when there is a doji. It is a great idea to wait one more day. Of course the more day you wait, your stop loss will be larger. If you find it is not within your reach, then trade retracement.
It is always easy to say than done. Remember all setup can fail. Trade wisely.
March 16, 2015 Apple Inc
Thanks for visiting this extra ordinary site, AmiBrokerAcademy.com.
Watch this space here, some great stock will be analyse here. See you more.
Moses
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